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Waiting for the share price to hit bottom #finance

My portfolio of investments looks like a disaster zone at the moment. Many of the share prices have crashed in recent weeks and this week the share price of Carillion crashed from around 190p to just 55p although it is beginning to rally a little today. The share has been shorted a lot in recent weeks but this crash doesn’t really make sense. Carillion has huge debts but it recently paid a very good dividend. Why if its cash flow was in question did it pay such a large dividend? The CEO has now resigned and they have hired HSBC as a second corporate adviser. It seems likely that their debt will need to be restructured and Jeffries are saying they will need a 500 million rights issue. The rights issue should have come a couple of months ago, along with a suspension of dividends. What was the board thinking? Hopefully, the share price has now hit bottom and the only way is up!

has your share price hit bottom?

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